ECA Leases 2,350 SF Retail Space To Jason Cho At 228 Thompson Street In New York
228 Thompson Street
$180
$180/SF
Building Size
2,350 SF
Asset Type
Retail
Closing
Aug 10, 2026
About this deal
AI
The asset involved in this transaction is a retail space located at 228 Thompson Street, New York. The retail lease includes an asking rent of $180 per square foot for a total area of 2,350 square feet.
Summary of transaction details:
- Property Type: Retail Lease
- Transaction Amount: $180/ft
- Address: 228 Thompson Street
- Market: New York
- Landlord: ECA
- Tenant: Jason Cho - Cypher
- Landlord's Representative: Noam Aziz & Carson Shahrabani - Meridian Capital Group
- Lease Type: Retail Lease
The key individuals involved in the transaction include Jason Cho, who is the tenant representing Cypher, and the landlord, ECA. The transaction was facilitated by Noam Aziz and Carson Shahrabani from Meridian Capital Group, who represented the landlord in this deal.
On the Map
$180
$180/SF
Retail
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Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
88127.78%
Cash-on-Cash
-25187.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93